Circular Announces $10.5M in Funding to Scale First-of-its-Kind Platform for Sourcing Recycled Materials [Yahoo! Finance]
DANONE S/ADR (DANOY)
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Source: Yahoo! Finance
SAN FRANCISCO, March 25, 2024 BUSINESS WIRE Circular.co , the leading sustainable sourcing platform, secured $10.5M to expand its massive database of post-consumer recycled (PCR) materials and its accompanying platform that streamlines buying and selling of PCR materials. The financing includes a new $5.3M round, backed by Maniv, Oxygea, and Eclipse, which followed a $5.2M seed round previously led by Eclipse. Circular will use the funding to grow its team, expand to additional sustainable materials, continue to add more companies and suppliers, and deepen the scale and functionality of its platform. The world's leading companies and consumer brands – from sectors ranging from food & beverage to durable goods and automotive – are racing against the clock to meet their plastic reduction and net zero emissions targets by 2025 and 2030, in line with international agreements from the United Nations. Currently, signatories to plastic reduction commitments like The Global Commitment led
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